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Lawrence's Comment
Recap
As predicted, Dow cannot hold Y-1 and flushed lower. Almost down to Y-2 when 50% absolute range capped the move and started a violent struggle to form a bottom. ...
Lawrence's Comment
Recap
As expected, Aussie stays weak and failed to clear Y-0. Dropped below Y-1 and stopped at equal distance off previous week close. Closed the week near Y-1 and below ...
Lawrence's Comment
Recap
Tricky week indeed. Dow opened above Y+1 invalidated the normal pullback scenario. Y+1 acting as support since and eventually led to end of week rally to close at month ...
Lawrence's Comment
Recap
More squeeze on the shorts again as euro zone feeding out more b.s. repeatedly over the week. Yet euro can only tag Y+2 and stalled. Last minute ...
Lawrence's Comment
Recap
Made new high early in the week. A complex 3 push formation sent the pair lower to 50% absolute expansion and bounded from there. 1-2-3 sell off from ...
USDCAD May 30 to Jun 03 Outlook
Lawrence’s Comment
As expected, Y+1 tagged early in the week. Consolidation since then.
Outlook
As long as Y-0 to B-1 acts as support, retest of B+1 is likely.
A quick break of B-1 points to complete retracement back down to Y-1 and B-3 area.
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